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20121027
20121104
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. what he is doing on day one is adding to the deficit. >> could be but let's go back to 1980 and ronald reagan. changed tax policy, a similar situation to now. i don't know many people who trust washington to have any more money to spend. >> i think reagan is a great example. he did cut taxes and we had exploiting deficits in 1980s. >> then he raised them. >> then he raised them. we do also have another example from the 1990s, which is president clinton, who had a balanced budget. he asked the wealthy to pay more. the rates went up to 39.6. we had eight years of very strong growth. >> including surplus. >> i'm not saying the taxes cause that but we know that having higher taxes on wealthy americans didn't lead to a recession as republicans have argued. that's what's really daunting about the whole discussion about taxes. the fact that we have no real idea what mitt romney will do on taxes as president other than if we take him at his word, it does mean that middle class americans will pay more in taxes. either he is not being honest with us or middle class americans will see a tax incre
Search Results 0 to 1 of about 2 (some duplicates have been removed)